Latest in slew of Sino-Indian joint ventures
Nov. 19 – Both Jaguar and Land Rover vehicles are to be built in China under specially-developed new brands for the domestic market in a US$1.5 billion JV deal announced between JLR, owned by India’s Tata Motors, and China’s Chery Auto. Tata who purchased the British vehicle brands and assembly plants from Ford four years ago, have been highly successful in targeting their upmarket marques at Asian consumers. Previously, the vehicles had largely been the preserve of the American and European markets. The first models to shift production are likely to be the Land Rover Freelander and Defender 4x4s, with luxury Jaguar limousines set to follow. Continue reading
Aug. 28 – Jaguar Land Rover (JLR) saw sales to China increase by 91 percent over the past three months as Chinese consumers eagerly snapped up the luxury cars. Imported into China from JLR’s UK plants, the brands comprise the best of British manufacturing expertise tied to Indian management, regional marketing knowledge and ultimate ownership – Tata Group purchased the then-struggling brands from Ford in 2008. Since then, the UK-based operations have been extensively re-financed and re-modeled. The result? Two now Indian-owned premium auto brands that China just can’t get enough of. Continue reading
Mar. 15 – IHS Automotive, a leading market research firm in the automobile industry, estimates in a recent report that India will likely overtake Japan as the second largest vehicle market in Asia by 2016. Meanwhile, China will remain Asia’s largest auto market with its steady growth in auto sales volume.
The IHS forecast is well supported by statistics released by the Society of Indian Automobile Manufacturers (SIAM) last month. The volume of car sales in India hit 211,402 in February, marking a 13 percent increase over the same period last year and representing the strongest growth since April 2011. Continue reading
Jul. 12 – The Chinese auto industry is looking to make a major entry into the Kazakhstan market, said Wu Haiyu, secretary-general of the China-Europe Association for Technical and Economic Cooperation, during the Second Chinese Independent Brand Car Expo being held in Beijing this week. The exhibition displays roughly 200 car models produced by 18 Chinese enterprises, all domestically designed and manufactured.
Speaking on the exportation of Chinese cars, Wu noted that China is extremely optimistic about the prospects and opportunities in exporting Chinese automobiles to Central Asia. He added that China will be ready to hold its first auto exhibition in Kazakhstan and indicated that, among export opportunities in Central Asia, Kazakhstan showed the greatest promise. Continue reading
Jun. 17 – 2point6billion.com has unconfirmed reports from Mongolia’s South Gobi region, home to much of the nation’s mining industry, that hundreds of Chinese truck drivers have been turned back to the China border.
There has been no official commentary on the issue, however we understand that it is linked to three main aspects concerning cross border transport and China-Mongolia relations. At the heart of the matter is the current status of both nations concerning their recognition of cross border transport protocols as determined by the international organization Transports Internationaux Routiers (TIR). Continue reading
By Vivian Ni
Jun. 13 – Domestic auto markets in China and India may no longer be able to repeat last year’s impressive sales records, as auto sales growth in both countries’ continued sliding in May. Experts say the market downturn is caused by a combination of long-term and short-term issues, including the impact of Japan’s earthquake and tsunami, soaring fuel prices, and inflationary pressure.
Statistics released by the Society of Indian Automobile Manufactures (SIAM) on June 9 shows that, while April-to-May auto sales records grew by 16.34 percent from a year earlier, the year-on-year growth in May alone slowed to 13.4 percent. Continue reading